1 Jul 2013
AUD/USD eases back towards resistance
FXstreet.com (New York) - The AUD/USD upside was stymied at the 0.9255 level (session high) Monday during US trading, subsequently leading to a mild easing off of its maximums.
AUD/USD bulls higher ahead of RBA
In spite of the recent waning of the AUD/USD foreign exchange rate, the pair is now trading at 0.9240, still up a robust +1.38%. According to the Mataf.net Analyst Team, the pair will face resistance at 0.9242, then 0.9348, and finally 0.9412.
Overnight at 4:30 GMT, investors will be tuned into the RBA, which is slated to reveal its interest rate decision. Few are expecting waves, and the consensus remains for 2.75% interest rates.
AUD/USD could push higher on RBA and international stimuli
“According to Global FX Strategist Sean Callow at Westpac, “Given the likely steady hand from the RBA, some decent domestic data and cooling of China money market fears should help the AUD push a little higher on the week.”
AUD/USD bulls higher ahead of RBA
In spite of the recent waning of the AUD/USD foreign exchange rate, the pair is now trading at 0.9240, still up a robust +1.38%. According to the Mataf.net Analyst Team, the pair will face resistance at 0.9242, then 0.9348, and finally 0.9412.
Overnight at 4:30 GMT, investors will be tuned into the RBA, which is slated to reveal its interest rate decision. Few are expecting waves, and the consensus remains for 2.75% interest rates.
AUD/USD could push higher on RBA and international stimuli
“According to Global FX Strategist Sean Callow at Westpac, “Given the likely steady hand from the RBA, some decent domestic data and cooling of China money market fears should help the AUD push a little higher on the week.”